Sumitomo Chemical Company, Limited (OTCMKTS:SOMMY - Get Free Report) was the recipient of a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 8,600 shares, a decrease of 62.1% from the March 31st total of 22,700 shares. Based on an average daily volume of 32,100 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the shares of the stock are sold short.
Sumitomo Chemical Price Performance
OTCMKTS:SOMMY traded up $0.39 during mid-day trading on Thursday, reaching $12.01. The stock had a trading volume of 20,577 shares, compared to its average volume of 9,606. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.75 and a current ratio of 1.30. The firm has a 50 day moving average price of $11.59 and a two-hundred day moving average price of $11.68. The stock has a market capitalization of $3.98 billion, a P/E ratio of -3.33 and a beta of 0.31. Sumitomo Chemical has a one year low of $9.55 and a one year high of $14.99.
Sumitomo Chemical (OTCMKTS:SOMMY - Get Free Report) last posted its earnings results on Monday, February 3rd. The company reported $0.71 earnings per share for the quarter. Sumitomo Chemical had a negative net margin of 7.00% and a negative return on equity of 15.28%.
About Sumitomo Chemical
(
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Sumitomo Chemical Company, Limited engages in Chemicals & Plastics, energy and functional materials, IT-related chemicals, health and crop sciences, pharmaceuticals, and other businesses worldwide. Its Essential Chemicals & Plastics segment offers synthetic resins, such as polyethylene, polypropylene, and polymethyl methacrylate resins; raw materials for synthetic fibers; and various industrial chemicals.
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